Asleep at the Wheel: A Not-for-Profit Board of Directors Confronts Insolvency

Abstract

Not-for-Profits (NFP) play an important role in the United States. Boards of Directors are integral components of governance associated with NFPs. This case discusses some of the financial issues with which the Board must be both aware and diligent. Students are encouraged through the case discussion of the demise of the NFP to identify errors the Board made and suggest actions the Board could have taken